Massachusetts Condo Insurance

Massachusetts condo insurance is a specific coverage policy designed to fit the unique needs of condo owners. Many confuse condominium insurance with a renter’s policy, because in fact both can personal property and liability protection; however, condo owners need to take into consideration the additional coverage that may be needed for the building based on their condominium association’s overall master policy.

Typically your condo association will insure the building based on one of two approaches: bare walls or single entity. A “bare walls” approach means that the association will insure only the building including walls, the roof, floors, elevators, etc. The association is not responsible for insuring anything inside your unit such as appliances, cabinets, carpeting, wallpaper, plumbing, electrical wiring, etc. In comparison a “single entity” coverage plan means that your condo association will insure the building as well as particular fixtures inside of your unique unit including carpeting, cabinets and appliances. However, it’s important to remember that in both scenarios you are still left responsible for your own personal belongings and possessions.

So how do you determine how much coverage you need from you condo insurance?

Massachusetts clients – with Berry Insurance Agency, Inc. on their side – will be full educated on the benefits of a condo policy; and will receive a detailed explanation of what it helps to protect. Keep in mind that you’ve worked hard to create a safe, inviting home—and you’ve also worked hard for what’s inside. Whether it’s your new high-definition T.V. or a family heirloom passed down among generations, your possessions are valuable.

When considering the level of security you want to get from you condo insurance, Massachusetts residents must ask themselves:

What is the association’s responsible for insuring?

What am I responsible for insuring?

How much coverage do I need for my possessions?

Do I have replacement cost or actual cash value coverage for my possessions?

Are there policy limits for my valuables? Should I purchase more coverage for those items?

Do I need earthquake or flood coverage for my unit or possessions?

Thankfully, Berry Insurance Agency, Inc. is here to help! We recognize that with all these questions and varying degrees of liability and responsibility, it’s easy to feel a bit overwhelmed. At Berry Insurance Agency, Inc. we’ll take the time to help you determine exactly the amount of coverage you need, and will help to secure it at the most competitive rates available.